Ashish Kashyap resign the post of Co-Founder & President at MakeMyTrip

National,
06 September 2017

MakeMyTrip Limited,
India's Online Travel Company, has announced the resignation of Mr. Ashish Kashyap, Co-Founder and
President, with effect from 30 September,
2017. The MakeMyTrip Board has
accepted the resignation and MakeMyTrip
(India) Pvt Limited and Ibibo Group
Private Limited have entered into a separation agreement with Mr. Kashyap.
This agreement provides among other things, final settlement of dues and
benefits to Mr. Kashyap and certain obligations on Mr. Kashyap including Non-Solicitation and Non-Competition which shall continue
until 30 September, 2019.

Deep
Kalra, Group Chairman and Group CEO, MakeMyTrip, said, “Ashish has made immense contribution in
bringing the MakeMyTrip-Ibibo deal to fruition and setting a strong foundation
for the future success of the combined group. At this juncture, I respect his
passion for creating and nurturing new and innovative ideas and we wish him the
best for the future.”

Mr.
Ashish Kashyap said, “The last ten years have been a fantastic journey and I feel privileged
to have played a part in the creation and rapid growth of several leading
technology brands in India. The merger with MakeMyTrip this year is one of my
proudest moments, and I look forward to seeing their continued success. At the
same time, I am extremely excited to be spending more of my time creating new
opportunities.”